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Palisades Market Place in Lake Oswego will close

All Lamb's and Bales stores, including Palisades, will be closed by Oct. 19 according to store officials

The Palisades Market Place on McVey Avenue in Lake Oswego will be closed by Oct. 19, store officials confirmed Wednesday.

Palisades is one of four locations owned by Bales and Lamb's Market Place, which is a subsidiary of Signature Northwest, LLC. According to the officials, all four locations — one in Aloha, two in Portland and the one in Lake Oswego — will close.

While Oct. 19 is the deadline for the four stores to be closed, it is not yet clear when the Lake Oswego Palisades will shut its doors. Store employees were informed of the impending closure Tuesday evening.

The Bales Marketplace chain purchased Palisades from Lamb's Markets in 2015. At that point, Bales owned and operated six stores with around 450 employees.

Earlier this year, Palisades announced a "store reset" as more than 1,600 items were discontinued while around 900 new ones were added — many of which were organic or specialty items.

At that time, Palisades officials said the reset was intended to reduce waste and bring in new customers.

Roots Gather and Give

Derek and Katie Abbott, owners and founders of Roots Gather and Give, had been granted space at a reduced rental rate within Palisades to run their nonprofit taproom.

"We went through three store directors in three months," said Katie Abbott. "They had supplied food for our Trivia Nights, but stopped due to 'vendor issues.' Our eyes were opened, but we didn't feel any urgency. So we don't have a plan it.